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ZAZA (ZAZA) has 1 split in our ZAZA split history database. The split for ZAZA took place on August 20, 2014. This was a 1 for 10 reverse split, meaning for each 10 shares of ZAZA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as ZAZA conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ZAZA split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ZAZA shares, starting with a $10,000 purchase of ZAZA, presented on a split-history-adjusted basis factoring in the complete ZAZA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-64.48%|
|Zaza Energy is an independent oil and gas company focused on the exploration and production of unconventional oil and gas assets. Co. operates primarily through joint ventures in the Eaglebine trend in East Texas and the Eagle Ford trend in South Texas. Co.'s acreage in East Texas is located in Houston, Leon, Madison, Grimes, Walker, Trinity and Montgomery counties and falls within an eastern extension of the Eagle Ford and Woodbine. Co.'s acreage in South Texas is located principally in DeWitt and Lavaca counties and falls within the Eagle Ford trend. As of Dec 31 2014, Co. had proved reserves of approximately 1,011,000 barrels of oil equivalent. According to our ZAZA split history records, ZAZA has had 1 split.|
|ZAZA Split History Table|
|08/20/2014||1 for 10|
|Energy Stock Splits|
|ZAZA is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|